In response to the growing need for clarity, you now have access to a unique dashboard where all your COVID-related information is available in one place.
It includes reports such as:
- CV19 Credit Usage
- Forgiveness Period Costs
- Forgiveness Period Excess Wages
- Paycheck Protection Program Loan Estimate Costs
- Paycheck Protection Program Excess Wages
- Forgiveness Schedule A Table 1
- Forgiveness Schedule A Table 2
Here's what the reports tell you:
CV19 Credit Usage
This will show usage of all CV19 related earnings, listing amount used, limit and balance. It will also show credit amounts received on those amounts.
Forgiveness Period Costs
To help clients compute their loan forgiveness amounts, this will have similar columns to the PPP Payroll Cost report but list by employee, by payroll for a specific time period. Clients just enter their 8 week window and the report calculates the forgiveness amount.
Forgiveness Period Excess Wages
In an estimate to help show which employees got paid too much (100k limit) during the period, we prorate the period wages and show clients how much that would be annualized.
Paycheck Protection Program Loan Estimate Costs
This is our existing PPP Payroll Costs report.
Paycheck Protection Program Excess Wages
This is our existing PPP 100k List report.
Forgiveness Schedule A Table 1
This report provides the PPP loan forgiveness application data in a very intuitive manner as we mirror the names and structure of the loan forgiveness application. In particular, it populates Table 1 of the application for employees under $100k, including Table 1 data, the details for all the steps we did to compute the data, and even the final step we got through to compute the wage reduction.
Forgiveness Schedule A Table 2
This report populates Table 2 of the loan forgiveness application for employees over $100k.
To access the dashboard in PayDeck, select Payroll > Covid-19 Dashboard.
To access in PlatinumPay, select the Reports drawer > Specialized > COVID-19 Dashboard.
See our other COVID-19 guides here: Resources.